UPDATE 1-Speculators pare U.S. 10-year T-note net shorts from record high -CFTC

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* Speculative 5-year T-note net shorts hit record peak
* Speculators raise net shorts in 30-year T-bonds
* U.S. sells record amounts of 10-year, 30-year debt
(Adds background, details on latest data)
Aug 10 (Reuters) - Speculators' net bearish bets on U.S.
10-year Treasury note futures slipped from an all-time high
earlier this week before the Treasury's record offering of
10-year debt, according to Commodity Futures Trading Commission
data released on Friday.
The amount of speculators' bearish, or short, positions in
10-year Treasury futures exceeded bullish, or long, positions by
586,299 contracts on Aug. 7, according to the CFTC's latest
Commitments of Traders data.
A week earlier, speculators held a record 590,128 net short
positions in 10-year T-note futures.
On the other hand, speculative net shorts in U.S. five-year
T-notes set another all-time peak at 841,043 contracts on
Tuesday, while speculators increased their net shorts in 30-year
T-bonds to 31,943 contracts, the most since May 29.
Earlier this week, the U.S. Treasury sold $78 billion in
coupon-bearing debt as a part of its August refunding with the
goal to raise nearly $40 billion in new cash.
The government has ratcheted its borrowing after suspending
its statutory debt ceiling in the aftermath of a two-year
spending agreement. It also needs to issue more debt to finance
a growing budget deficit stemming from the massive tax cut
enacted in December.
The Treasury sold $34 billion in three-year notes on
Tuesday, followed by a record $26 billion in 10-year debt on
Wednesday and $18 billion in 30-year bonds on Thursday, which
was the most ever for that maturity.
Below is a table of the speculative positions in Treasury
futures on the Chicago Board of Trade and in Eurodollar futures
on the Chicago Mercantile Exchange in the latest week:
U.S. 2-year T-notes (Contracts of $200,000)
Aug. 7, 2018 Prior week
week
Long 433,698 435,834
Short 527,280 534,893
Net -93,582 -99,059
U.S. 5-year T-notes (Contracts of $100,000)
Aug. 7, 2018 Prior week
week
Long 519,475 513,568
Short 1,387,031 1,354,611
Net -867,556 -841,043
U.S. 10-year T-notes (Contracts of $100,000)
Aug. 7, 2018 Prior week
week
Long 493,797 471,702
Short 1,080,096 1,061,830
Net -586,299 -590,128
U.S. T-bonds (Contracts of $100,000)
Aug. 7, 2018 Prior week
week
Long 138,647 124,484
Short 170,590 145,107
Net -31,943 -20,623
U.S. Ultra T-bonds (Contracts of $100,000)
Aug. 7, 2018 Prior week
week
Long 102,796 96,514
Short 322,903 319,050
Net -220,107 -222,536
Eurodollar (Contracts of $1,000,000)
Aug. 7, 2018 Prior week
week
Long 853,513 839,318
Short 3,939,297 3,946,824
Net -3,085,784 -3,107,506
Fed funds (Contracts of $1,000,000)
Aug. 7, 2018 Prior week
week
Long 222,027 288,849
Short 140,784 129,782
Net 81,243 159,067
(Reporting by Richard Leong; Editing by Cynthia Osterman and
Richard Chang)